Finance Digest Magazine

New Chief Financial Officer joins Timico at pivotal time and one year on from £50m investment

Posted onApril 19, 2018

Fast growing Managed Service Provider, Timico continues to strengthen its senior management team with the appointment of Matthew Farrow as Chief Financial Officer.

Farrow is a highly experienced Finance Director with 20 years in the IT industry and significant integration experience. Having trained at one of the ‘Big Five’ accounting firms, Arthur Andersen, he previously held longstanding roles at Phoenix IT Group plc and its subsidiary Servo Computer Services plc – acquired within Daisy – and most recently was Finance Director at technology focused, online estate agent Purple Bricks plc, which he helped grow from a start-up to a market capitalisation of over £1 billion. He has also consulted for various companies in the private equity technology sector.

Matthew Farrow

Farrow’s appointment is the fifth senior appointment at Timico in the last 12 months and comes at an integral time for the newly refocused company, which continues to go from strength to strength following a £50m investment from Lyceum Capital, the growth investors, in February 2017. Farrow’s remit will be to further facilitate Timico’s evolution as a market-leading managed service provider and to deliver on its long term strategic and business objective to be the go to transformation partner of choice for ambitious UK mid-market businesses.

As a member of the Executive Board atTimico, Farrow’s priority will be on increasing revenue and EBITDA through organic growth and a strategic series of Mergers & Acquisitions, as the company refocuses its target to the mid-market sector.

Farrow comments, “I’m very excited to be joining Timico at such a pivotal time, working alongside an exceptional leadership team. The business is in a solid position as it sets out to achieve ambitious growth and I look forward to bringing my deep sector experience to the table, implementing winning strategies that will help to achieve superior financial performance.”

Ben Marnham, CEO at Timico comments, “Today’s Timico is all about transforming our client’s digital agendas, striving for service excellence and being a great place to work. 2018 has started strongly for the business and Matthew’s appointment will play a huge part in continuing our expansion and helping us deliver on our ambitious business goals.”